#Fed not cutting rates 'at all' in 2025 may trigger a bear market — Analyst
Network economist Timothy Peterson’s model suggests Bitcoin could bottom at $57,000 in the next bear market, but he said it’s unlikely as too many investors “hover over Bitcoin like vultures.”
Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000.
“What it needs is a trigger. I think that trigger may be as simple as the Fed not cutting rates at all this year,” Peterson said in a March 8 X post. Peterson’s comment comes just a day after Federal Reserve chair Jerome Powell reiterated that he’s in no hurry to adjust interest rates.
“We do not need to be in a hurry and are well-positioned to wait for greater clarity,” Powell said in a speech in New York on March 7.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.